Wealth Building

Oct. 6, 2023

Unlocking the Power of Home Equity: A Homeowner's Guide

As a homeowner, you've probably heard the term "home equity" tossed around in conversations about real estate and financial stability. But what exactly is home equity, and why is it so crucial for homeowners? In this blog post, we'll explore the concept of home equity and discuss the ...

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Posted in Wealth Building
May 19, 2023

Mastering Your Finances: The Key to a Blissful Home Budget

Maintaining a well-organized and efficient home budget is essential for financial stability and peace of mind. With the right strategies and tools, you can effortlessly track your expenses, set financial goals, and achieve a comfortable lifestyle. In this blog post, we'll explore some effective ways to keep track of ...

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Posted in Wealth Building
Dec. 9, 2022

Home for the Holidays: How To Stretch Your Budget in a Season of Inflation

 

You don't have to break the bank to celebrate the holidays in style—even in this season of inflation. Prices may be higher on everything from food to gifts to decorations, but there are still plenty of opportunities to eke out extra savings.

For example, according to the U ...

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Posted in Wealth Building
Sept. 9, 2022

How Owning a Home Builds Your Net Worth

 

Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is ...

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Posted in Wealth Building
Aug. 5, 2022

Buying a Home May Make More Financial Sense Than Renting One

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says ...

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Posted in Wealth Building
Feb. 17, 2021

3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life | MyKCM

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 ...

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Posted in Wealth Building
Feb. 4, 2021

Why Owning a Home Is a Powerful Financial Decision

Why Owning a Home Is a Powerful Financial Decision | MyKCM

In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger ...

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Posted in Wealth Building
Feb. 2, 2021

Want to Build Wealth? Buy a Home This Year.

Want to Build Wealth? Buy a Home This Year. | MyKCM

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and ...

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Posted in Wealth Building
Jan. 6, 2021

The Importance of Home Equity in Building Wealth

The Importance of Home Equity in Building Wealth | MyKCM

Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted:

“Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is ...

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Posted in Wealth Building
Nov. 11, 2020

Home Ownership is the Key to Building Wealth

Homeownership Is a Key to Building Wealth | MyKCM

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner:

“…a primary ...

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Posted in Wealth Building